Business

Boursa Kuwait performance mixed during week The US Federal Reserve decided on 13/06/2018 to raise the interest rate on the US dollar by a quarter percent point to 2%. This was the seventh increase since the first increase on  December 16, 2015. The base interest rate was fixed at 0.25%, …

Announcement is testament to progress of Boursa Kuwait development plan: CEO KUWAIT CITY, June 21: Boursa Kuwait would like to confirm that Morgan Stanley Capital International (MSCI) announced that it will include the MSCI Kuwait Index in its 2019 Annual Market Classification Review for a potential reclassification from Frontier Markets …

Jazeera Airways spikes 20 fils; ABK gains KUWAIT CITY, June 21: Kuwait stocks edged lower on Thursday to close the holiday-shortened week on sluggish note. The All Share index fell 6.01 points to close at 4,822.99 points after MSCI announced it would include Kuwait Index in its review in June …

Flacq Teaching Hospital Project ‘Phase 1’ to be financed KUWAIT CITY, June 21: A loan agreement was signed today in Port Louis between the Republic of Mauritius and Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan of Kuwaiti Dinars 7,500,000 million (equivalent to about 25.5 …

The 7th OPEC International Seminar kick started in Vienna, Austria, Wednesday under the theme, “Petroleum — cooperation for a sustainable future”. Kuwait’s Minister of Oil and Minister of Electricity and Water Bakheet Al-Rasheedi is taking part in the two-day major event. The seminar, held at Vienna’s Imperial Hofburg Palace, provides …

NEW DELHI, June 20, (RTRS): India has shelved a plan to sell a 76 percent stake in ailing state-owned carrier Air India due to lack of interest from bidders and the airline is now reviewing its funding needs to remain competitive, a government official said on Wednesday. The government is …

State to increase production of non-associated gas up to 500 mln cubic feet per day KUWAIT CITY, June 20: Governmental and private investments support the average growth of non-hydrocarbons – about 3.5 to 4 percent from 2018 to 2021, reports Al-Shahed daily. Concurrent with the increasing prices of oil compared …

‘Global oil demand to increase by 1.65mn barrels per day’ KUWAIT CITY, June 19: Local and international economic reports have predicted positive and risky prospects for oil producing countries such as Kuwait, pointing out that at the moment things are moving forward towards improving the oil prices, continuing economic reform …

Saudi, Russia push for hike in output LONDON, June 19, (AFP): OPEC ministers gather in Vienna Tuesday for crunch talks on a landmark pact curbing oil output, with Saudi Arabia and Russia hoping to persuade their peers to increase production again. The upcoming June 22-23 meetings of OPEC and non-OPEC …

NAPESCO gains 11 fils; CBK sinks KUWAIT CITY, June 19: Kuwait stocks kicked off the week on a weaker note on Tuesday amid negative sentiment in global markets due to escalating US-China trade conflict. The All Share index plunged 16.01 points to close at 4,826.67 points. The Premier Market index …